Commodities

An energy expert anticipates crude oil prices to stay above $60 per barrel heading into 2026 as operators of the Trans Mountain pipeline plan to increase flows of oil while an Alberta energy giant aims to acquire a nearby oil sands producer.

Canada’s main oil-producing province of Alberta is considering a financial investment in Japan’s refining sector, two sources familiar with the matter said, an attempt to reduce its overwhelming dependence on top trade partner the United States for oil exports.

The U.S. on Monday proposed adding copper and potash among others to the draft critical minerals list for 2025, for their importance to the economy and national security.

Saskatchewan Premier Scott Moe says he will be travelling to China in the coming weeks to assist federal officials in negotiating an end to Chinese tariffs on canola and other Canadian crops.

A shareholder advocacy group has filed a greenwashing complaint with Alberta’s securities watchdog alleging Cenovus Inc., one of Canada’s biggest oilsands producers, and Enbridge Inc., the country’s biggest crude pipeline operator, have misled investors in their environmental disclosures.

Alberta’s government is looking to power some of its jails with solar energy.

China filed a complaint with the World Trade Organization (WTO) over Canadian steel import restrictions on Friday, the commerce ministry said.

Former Richmond, B.C., city councillor Harold Steves’ family has been farming in the area since 1877, lending their name to the community of Steveston.

World oil supply will rise more rapidly than expected this year and next as OPEC+ members further increase output and supply from outside the group grows, the International Energy Agency said on Wednesday.

Shares of lithium producers surged on Monday after Chinese battery giant Contemporary Amperex Technology (CATL) halting output at a major mine raised hopes it would erode the oversupply in a market grappling with soft demand.

Argentina holds rich copper deposits in the mountainous north along the Chilean border, but, unlike its mining powerhouse neighbour, has not built power lines and roads needed for new projects backed by miners such as BHP and Rio Tinto.

Brazil vowed Thursday to combat U.S. President Donald Trump’s tariffs on its exports, saying it intends to lodge appeals if last-ditch negotiations fail.

As the United States plans to impose hefty tariffs on imported copper Friday, an economic and policy analyst says Canada will be spared from duties for now as the U.S. targets Chinese producers.

The United States will impose a 50 per cent tariff on copper pipes and wiring, President Donald Trump said on Wednesday, but details of the levy fell short of the sweeping restrictions expected and left out copper input materials such as ores, concentrates and cathodes.

Australia has lifted a 22-year-old ban on the import of Canadian beef and beef products, the Canadian Food Inspection Agency said in a statement on Tuesday.